BUSN3054 Taxation Law and Practice

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  • The Assignment is worth 30% of the topic grade.
  • The Assignment must be submitted individually.
  • You should submit the assignment via the assignment submission link on the Topic FLO page.
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Assignment Requirements

Assume you are the associate who has received the following email (on page 3) from a senior partner in your firm.

You are required to:

  1. Using the assignment template provided, respond to the email addressing each of the points contained therein.
  2. Add rows to the table as needed, but do not change the landscape formatting of the file.
  3. Column 1: Identify and state the issue for each point in the email. The issues should be clearly stated as questions. For example, the first issue may be stated as: Is the $300,000 a year from the government an assessable income?
  1. Column 2: State the relevant law for each issue identified, clearly citing the appropriate sections/divisions from the appropriate Acts/legislation. The legislations ITAA36 and ITAA97 are available for free online.
  2. Column 3: Discuss the application of the law to the client, i.e. how the law applies to the client’s specific situation/issue. Cite any relevant cases. Clearly indicate the $ amount of any tax consequence that may be relevant. You do not need to show your workings in the table, but show your workings at the end of the table.
  3. Column 4: Write an overall conclusion. The conclusion should clearly state the tax implications to the client or the relevant party, showing any $ amounts (if relevant).
  4. You should show any workings at the end of your main text.
  5. Please provide references. Any referencing format is okay, as long as you are consistent.

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